We tend to focus a lot on investing money throughout the year, but trying to keep this up as we get closer to Christmas can be difficult. However even though you will likely spend more than usual on gifts for other people, you can still save money while doing so.
The biggest risk at this time of the year is spending impulsively. This means you can end up spending a lot more on something that you might be able to get more cheaply if you look elsewhere. And this is where research comes in. Even if you end up going to your local mall to buy your gifts, it is worth getting started by looking online. You can get ideas for gifts online that you wouldn’t otherwise have, and what’s more you can often find discounts you wouldn’t get elsewhere either.
This is what we mean by taking a little extra time to do your research. If you get it right you might even get some cash back on your purchases. Look for cashback sites online that allow you to make a percentage back on everything you buy through their links. This can really add up when you’re doing your Christmas shopping, and whatever you earn you can claim and put back in your savings once the cash becomes available.
Some people think shopping online can cost you more because of the postage and packaging charges, but this isn’t necessarily the case. Plenty of companies provide cheaper deals to persuade people to buy with them on the run up to Christmas, and this can include free delivery too. When you consider that some companies sell items online you may not find in the shops at all, the options and possibilities for saving cash are starting to add up.
Another tip is to look for discount vouchers online. These can be used for online purchases and sometimes offline ones as well. Check the details of each voucher to see what is required for you to comply with it. Sometimes it might give you free delivery or a discount off one or more products when you go to a particular retailer.
In short, there is every chance of getting plenty of discounts at the time of the year when many of us are spending more than we should. It may take a little extra time but the potential savings you could be rewarded with will help your finances get through this period of time successfully. It’s hard not to spend money at Christmas, but there are ways to reduce the outgoings so you don’t worry about having bills to pay in January.
One final tip – don’t leave your festive shopping until the last couple of days. The less time you have the fewer options you have, and the more likely it is you’ll overspend and raid your savings or hit that credit card. Give yourself plenty of time and you’ll be just fine in celebrating the festive season within your budget.